U.S. and China Reach Agreement on Chinese Company Audits

Washington and Beijing reached an settlement for U.S. accounting regulators to examine China-based audits, laying the groundwork for a monthslong course of that would forestall quite a few Chinese firms from being booted off American inventory exchanges.

The deal, which was negotiated over many months, comes after a decadelong standoff between regulators within the two nations over the audit working papers of New York-listed Chinese firms. It seems to mark a uncommon concession from Beijing at a time when the U.S. and China are locked in disagreements over points comparable to commerce and human rights.